Squirrel Media SaBME: SQRL

Squirrel Media Signs 22.5 Mln Euro Syndicated Loan To Invest In Content For European Markets

· Issued by Squirrel Media SA

Squirrel Media SA BME:SQRL:

  • SIGNS A 22.5 MILLION EUROS SYNDICATED LOAN WITH GROUP OF SPANISH FINANCIAL INSTITUTIONS

  • FINANCING WITH SIX-YEAR AMORTIZATION PROFILE

  • 20.0 MILLION EUROS OF FINANCING TO BE INVESTED IN NEW HIGH-QUALITY AUDIOVISUAL CONTENT WITH STRONG COMMERCIAL APPEAL ACROSS SPANISH-, PORTUGUESE- AND ITALIAN-SPEAKING MARKETS

  • 2.5 MILLION EUROS WILL BE USED FOR REPURCHASE AND EARLY REDEMPTION OF 20.0 MILLION EUROS MARF BOND ISSUED IN NOVEMBER 2023

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